[Sep 10th 2013] China ZhengTong Auto Services Holdings Limited (“China ZhengTong” or the “Company” and, together with its subsidiaries, the “Group”, Stock code: 1728), a major premium branded 4S dealership group in China, is pleased to announce that the Company has successfully raised USD 335mm 5-year bonds with 4.5% coupon rate through JPM, CS, and BOC in Sep.9th.

The subscription was multiple-time covered and investors are primarily institutional. The proceeds would be used to refinance the Company’s current offshore debts, and as a result the cost of capital shall be significantly reduced.